https://www.taxtmi.com/caselaws?id=177204 The High Court ruled in favor of the appellant in a case concerning Corporate Debt Restructuring expenses and lease rent amortization. The Court held that the restructuring expenses should be treated as revenue expenditure and allowed in the year incurred. Similarly, the Court determined that lease rent amortization should be considered as revenue expenditure, not capital expenditure. Consequently, the Court allowed the appeals, providing relief to the appellant on both issues. en-us Mon, 21 Oct 2013 00:00:00 +0530 Thu, 03 Nov 2016 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177204 The High Court ruled in favor of the appellant in a case concerning Corporate Debt Restructuring expenses and lease rent amortization. The Court held that the restructuring expenses should be treated as revenue expenditure and allowed in the year incurred. Similarly, the Court determined that lease rent amortization should be considered as revenue expenditure, not capital expenditure. Consequently, the Court allowed the appeals, providing relief to the appellant on both issues. Case-Laws Income Tax Mon, 21 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177204